SEC Backs Rules to Improve
Listing Standards on Nasdaq

Dow Jones Newswires

Updated Aug. 25, 1997 12:01 a.m. ET

WASHINGTON -- The Securities and Exchange Commission approved new rules aimed at improving listing standards on the Nasdaq National Stock Market and the Nasdaq SmallCap market, including a requirement that all Nasdaq-listed issues trade for at least $1.

The Nasdaq Stock Market said Friday that the new rules also require that auditors of Nasdaq-listed companies be reviewed for quality controls every three years. The Nasdaq Stock Market...